Nuance Communications, Inc. (NASDAQ:NUAN) has been assigned a consensus rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $57.00.
Separately, Zacks Investment Research cut Nuance Communications from a “hold” rating to a “sell” rating in a report on Monday, November 29th.
In other news, EVP Joseph Carl Petro sold 39,301 shares of the stock in a transaction that occurred on Tuesday, November 16th. The stock was sold at an average price of $55.02, for a total transaction of $2,162,341.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diana L. Nole sold 4,901 shares of the stock in a transaction dated Friday, November 5th. The stock was sold at an average price of $55.13, for a total transaction of $270,192.13. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,340,567 shares of company stock valued at $73,803,978. 0.48% of the stock is currently owned by corporate insiders.
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Institutional investors and hedge funds have recently made changes to their positions in the stock. Keebeck Alpha LP bought a new position in Nuance Communications during the second quarter worth $2,969,000. P Schoenfeld Asset Management LP bought a new position in Nuance Communications during the second quarter worth $5,444,000. Renaissance Technologies LLC bought a new position in Nuance Communications in the second quarter worth about $46,751,000. Hunting Hill Global Capital LLC bought a new position in Nuance Communications in the second quarter worth about $25,587,000. Finally, Koshinski Asset Management Inc. bought a new position in Nuance Communications in the third quarter worth about $50,000. Hedge funds and other institutional investors own 86.08% of the company’s stock.
Shares of NASDAQ NUAN opened at $55.06 on Wednesday. The stock has a fifty day moving average price of $55.14 and a 200 day moving average price of $54.94. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.30. Nuance Communications has a 12-month low of $39.90 and a 12-month high of $55.55. The company has a market cap of $17.59 billion, a P/E ratio of -611.71 and a beta of 1.15.
Nuance Communications (NASDAQ:NUAN) last issued its earnings results on Thursday, November 18th. The software maker reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.09). The company had revenue of $333.07 million during the quarter, compared to analysts’ expectations of $352.90 million. Nuance Communications had a positive return on equity of 6.37% and a negative net margin of 1.96%. Nuance Communications’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 EPS. On average, sell-side analysts forecast that Nuance Communications will post 0.3 EPS for the current fiscal year.
Nuance Communications Company Profile
Nuance Communications, Inc engages in the provision of conversational artificial intelligence (AI) and ambient clinical intelligence services. It offers a wide range of products and services, including clinical documentation, solutions for clinicians, radiologists and care teams, as well as intelligent customer engagement, and security and biometric solutions for brands.
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